2015 NBA Draft: Cleveland Cavaliers take Tyus Jones at No. 24, trade him to Minnesota Timberwolves

The Cleveland Cavaliers are making a trade.

The Cavs selected Duke point guard Tyus Jones at the No. 24 overall pick, but have subsequently traded him the Minnesota Timbervoles for two second round picks in this year's draft and a future second pick. The Cavs now have three second round picks - No. 31, No. 36 and No. 53. Nos. 31 and 36 were acquired from the Wolves.

Adrian Wojnarowski of Yahoo! Sports was the first to report the pick and the trade. ESPN's Andy Katz confirmed the trade during ESPN's live draft coverage.

This trade could mean a few different things for the Cavs. For starters, it keeps the Cavs from having to pay a first round pick a full salary right before they figure to pay a huge tax bill. It also means that they might not have loved any of the players on the board and saw value in moving back in the draft.

We'll have more on the Cavs' draft as they pick or perhaps make another trade.

Update

The NBA announced that the trade is official during the draft broadcast on ESPN and the Wolves announced it via this tweet.

It's official! #GrowTogether pic.twitter.com/dmsQO3ODyn

— MN Timberwolves (@MNTimberwolves) June 26, 2015